Problem 18-2 Question Help For the next fiscal year, you forecast net income of $48,200...
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Problem 18-2 Question Help For the next fiscal year, you forecast net income of $48,200 and ending assets of $505,000. Your firm's payout ratio is 10.4%. Your beginning stockholders' equity is $296,900, and your beginning total liabilities are $119,800. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $10,500. What will be your net new financing needed for next year? The net financing required will be $(Round to the nearest dollar.)
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